From Arabianbusiness.com: Cash-strapped Dubai developer Nakheel is not in arrears to Arabtec as much as some analysts fear, said Ziad Makhzoumi, chief financial officer of the largest builder in the United Arab Emirates.
Arabtec, which expects to receive an overdue payment by end-June following developer Nakheel’s debt restructuring, is well-funded after managing its cash resources carefully during the downturn, Makhzoumi told Reuters Insider……………………………………….Full Article: Source